Ping An Insurance Group Co of China Ltd , the country's second-largest insurer, has seen some of its outbound M&A deals impacted by Beijing's measures to stem capital outflows, its group chief financial officer (CFO) said on Friday. After facing difficulties converting yuan into foreign currencies and shifting capital offshore, Ping An is seeking to raise debt capital in overseas markets in a bid to overcome the funding issues, CFO Jason Yao said. "The Chinese government's move to tighten capital outflows has an impact on Ping An in the short-term," Yao said, as it has become more difficult to purchase foreign currency.

SSE: 601318) held a ceremony earlier in Shanghai to mark its exceeding RMB100 billion in total assets and ushering in China's Leasing Market Era 2.0. Ping An Leasing has grown rapidly since its establishment and become one of the top players in China's leasing market in just more than three years. Mr. Jason Yao, Executive Vice President of Ping An, Ms. Guo Zhiying, Deputy Director of the Pudong Financial Service Bureau at China (Shanghai) Pilot Free Trade Zone, Mr. Sudhir P. Amembal, an American expert in the leasing industry, and Mr. Wu Xiaobo, a well-known economist, attended the ceremony.